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Property profile & analytics
OFF-MARKET
Estimated value
$3,555,000
Office buildings
10035 Grand Ave Franklin Park, IL 60131-2500
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US28-1249308
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1976
Lot
1.87 ac (81,457 SF)
APN
12-28-132-020
UPID
US28-1249308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Express Logistics Professionals Inc Logistics Company Freight Service
-
O'Hare Locksmith LLC Locksmith
-
RS SAFETY CONSULTING LLC Logistics Company Freight Service
-
Dispatch Crew Inc. Trucking Company
-
ICY LOGISTICS INC Freight Service Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.56M
Owner & transaction history
Green Circles LLC · 4 yrs held
Green Circles LLC
since 2021
Last sale
$3.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Franklin Park submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Franklin Park submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,820,000
ML approach
$3,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.56M
Range $3.20M – $3.91M · ±10% · vs last sale $3.35M (Jul 29 2021)
Last sale anchor
$3.35M
Jul 29 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$102,185
Tax year 2022
Assessed value
$324,306
Assessed 2022
Previous assessed
$323,131
+0.4% YoY
Effective rate
31.51%
On assessed value
Assessed land
$321,586
Assessed improvement
$2,720
Land market value
$1,286,344
Improvement market value
$10,880
Total market value
$1,297,224
Applied tax rate
20,029.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1976
Heating
NONE
Lot
1.87 ac (81,457 SF)
APN
12-28-132-020
UPID
US28-1249308
Jurisdiction
COOK
Metro division
CHICAGO-NAPERVILLE-JOLIET, IL METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1976
Heating
NONE
Lot
1.87 ac
Current owner
From public records · entity-resolved
Green Circles LLC
Entity
Mailing address
9213 PARKLANE AVE, FRANKLIN PARK, IL 60131-2837
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
$3,350,000
Green Circles LLC
10005 Grand Franklin Park LLC
Warranty Deed
—
Jan 24, 2019
—
10035 Grand Franklin Park LLC
—
Deed
related
$555,000 · First Eagle Bk
Apr 19, 2018
—
10035 Grand Franklin Park LLC
—
Deed
related
$785,000 · First Eagle Bank
Oct 26, 2017
$1,150,000
10035 Grand Franklin Park LLC
10035 Grand Avenue LLC
Warranty Deed
related
$710,000 · 10035 Grand Avenue LLC
Jan 22, 2013
$924,000
10035 Grand Avenue LLC
Mavrakis,ted
Warranty Deed
—
Jan 17, 2013
—
10035 Grand Avenue LLC
—
Deed Of Trust
related
$3,553,700 · Peoria Street Holdings LLC
Oct 18, 2010
—
Theodore Mavrakis
—
Deed Of Trust
related
$18,459,741 · Mb Financial Bank NA
Jan 5, 2007
$970,000
Ted Mavrakis
First States Investors 4411
Grant Deed
$800,000 · Mb Financial Bank NA
—
—
Theodore Mavrakis
—
Deed Of Trust
related
$714,348 · Mb Financial Bank NA
—
—
10035 Grand Franklin Park LLC
—
Deed Of Trust
related
$555,000 · First Eagle Bk
—
—
Ted Mavrakis
—
Deed Of Trust
related
—
—
—
10036 Grand Franklin Park LLC
—
Deed Of Trust
related
$785,000 · First Eagle Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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